Upon closing of the assignment, North Arrow, will assume the rights and obligations of the option ag
De Beers Canada will now have the option to form a joint venture agreement with Peregrine Diamonds.
Her extensive geological and business experience will bring further technical depth to the company, Dundee said on Wednesday.
The high grade of Au reported in the first phase of drilling includes 1.5m at 12.44 grams per a tonne and 2m at 6.00 grams per tonne Au.
The declaration was based on the principles of environmental protection, social responsibility and economic efficiency.